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Culture, freedom and economic growth: Do cultural values explain economic growth?

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  • Johnson, James P.
  • Lenartowicz, Tomasz
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    Abstract

    Economic freedom, the ability of a society to conduct business in an unfettered manner without government intrusion, is a key determinant of economic s significant role in shaping a nation's business environment. This article combines data from a benchmark report, the Index of Economic Freedom, with tw a significant relationship between measures of culture, economic freedom, and economic growth. We discuss the implications of this relationship for business and for further academic research.

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    File URL: http://www.sciencedirect.com/science/article/pii/S1090951699800790
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of World Business.

    Volume (Year): 33 (1998)
    Issue (Month): 4 (January)
    Pages: 332-356

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    Handle: RePEc:eee:worbus:v:33:y:1998:i:4:p:332-356

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    Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/620401/description#description

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Zaki Eusufzai, 1998. "Do more open countries have a higher growth rate but more inequality?," Atlantic Economic Journal, International Atlantic Economic Society, vol. 26(1), pages 32-43, March.
    2. Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
    3. Dollar, David, 1992. "Outward-Oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LDCs, 1976-1985," Economic Development and Cultural Change, University of Chicago Press, vol. 40(3), pages 523-44, April.
    4. Piero Morosini & Scott Shane & Harbir Singh, 1998. "National Cultural Distance and Cross-Border Acquisition Performance," Journal of International Business Studies, Palgrave Macmillan, vol. 29(1), pages 137-158, March.
    5. Bruce Kogut & Harbir Singh, 1988. "The Effect of National Culture on the Choice of Entry Mode," Journal of International Business Studies, Palgrave Macmillan, vol. 19(3), pages 411-432, September.
    6. Schuler, Randall S. & Jackson, Susan E. & Jackofsky, Ellen & Slocum, John Jr., 1996. "Managing human resources in Mexico: A cultural understanding," Business Horizons, Elsevier, vol. 39(3), pages 55-61.
    7. Ryh-song Yeh & John J Lawrence, 1995. "Individualism and Confucian Dynamism: A Note on Hofstede's Cultural Root to Economic Growth," Journal of International Business Studies, Palgrave Macmillan, vol. 26(3), pages 655-669, September.
    8. Karen L Newman & Stanley D Nollen, 1996. "Culture and Congruence: The Fit Between Management Practices and national Culture," Journal of International Business Studies, Palgrave Macmillan, vol. 27(4), pages 753-779, December.
    9. Randall S Schuler & Nikolai Rogovsky, 1998. "Understanding Compensation Practice Variations Across Firms: The Impact of National Culture," Journal of International Business Studies, Palgrave Macmillan, vol. 29(1), pages 159-177, March.
    10. Harry G Barkema & Freek Vermeulen, 1997. "What Differences in the Cultural Backgrounds of Partners Are Detrimental for International Joint Ventures?," Journal of International Business Studies, Palgrave Macmillan, vol. 28(4), pages 845-864, December.
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    Cited by:
    1. Jakob de Haan & Susanna Lundstroem & Jan-Egbert Sturm, 2005. "Market oriented institutions and policies and economic growth: A critical survey," TWI Research Paper Series 5, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
    2. Katarzyna Koleœnik, 2014. "The Role Of Culture In Accounting In The Light Of Hofstede’S, Gray’S And Schwartz’S Cultural Dimensions Theories – A Literature Review," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 9(3), pages 33-41, January.
    3. Muethel, Miriam & Hoegl, Martin, 2010. "Cultural and societal influences on shared leadership in globally dispersed teams," Journal of International Management, Elsevier, vol. 16(3), pages 234-246, September.
    4. Erumban, Abdul Azeez & de Jong, Simon B., 2006. "Cross-country differences in ICT adoption: A consequence of Culture?," Journal of World Business, Elsevier, vol. 41(4), pages 302-314, December.
    5. Steel, Piers & Taras, Vasyl, 2010. "Culture as a consequence: A multi-level multivariate meta-analysis of the effects of individual and country characteristics on work-related cultural values," Journal of International Management, Elsevier, vol. 16(3), pages 211-233, September.
    6. Dolansky, Eric & Alon, Ilan, 2008. "Religious freedom, religious diversity, and Japanese foreign direct investment," Research in International Business and Finance, Elsevier, vol. 22(1), pages 29-39, January.
    7. Doucouliagos, Chris & Ulubasoglu, Mehmet Ali, 2006. "Economic freedom and economic growth: Does specification make a difference?," European Journal of Political Economy, Elsevier, vol. 22(1), pages 60-81, March.

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